Member Info for Cygnus7

Howezap, on the subject of BR, I do believe that at some point this project will come to market. The dream scenario would be for the African projects to be fruitful and allow cash to be available to take BR over the line. Maybe prove Ascot up as, if memory serves me correctly, it was effectively ignored from the final external assessment due to lack of data. Even some basic exploration of the feature west of Ascot in the hope of identifying it as a porphyry even if no resources can be reliably assigned to it. All in an environment of 15K copper 😁.

Hi howezap, my investing stategy is currently based around the Zambia story and the copper appreciation theory. If wrong, I'll lose a lot of money but I can see the sense for the need for copper and the mining industry has been in the doldrums for too long. I have a 'green' disposition myself and maybe the mining industry is considered 'dirty' but without it the transition to green energy it is not going to happen. Zambia, both in theory and in drilling results obtained by numerous companies so far seems to be the place to look for copper so I feel confident my strategy is essentially correct, it's just a matter of how long do we need to wait?

Currently I see low prices as an opportunity to hoard cheap shares. GLA

Folderboy: it's FOMO. Fear of missing out.

There are many that have openly said that they were looking for the next spike to get out. Seems odd when looking at the short-ish term prospects. This will trend up when new investors get in at the current prices.

News: it often seems the way that small companies are not rated at the level that sh believe they should be. Almost always seems the way. But I always think that these are the company's that value seekers should be searching out. These are the companies that go hidden because others have not heard about them. Even companies that have money 'incoming' such as Xtract suffer in the same way. Some say it's the CB effect but that seems to be due to the disappointement of the Bushranger project. Fact is, if one of the companies in NW Zambia hit it big, especially if it's a CB company them everybody will move into all of the companies camped out in this corner of Africa and your foresight will be repaid. Don't complain, load up if you believe that the usual obstacles can be hurdled. DYOR (not an issue in your case - lol)

Yes News: I can't fault you on using references. It just seems rather long winded and I may be wrong but there appears to be a certain amount of repetativeness. Having said that I am more than happy for you to continue in your own particular style and will read your missives as they appear. Thanks.

Thanks Andy,

Great Stuff.

Andrew, I took a look on the ARCM website but could not work out where the licenses are relative to XTR, AFR & GAL prospects. Do you by any chance have a map that includes them all or a reference? Ta...

Who's going to invest here with a spread of 29%?

Are the MMs trying to kill their trade?

Due to CB's suite of companies in the Zambian NW corner I have spread my investment in XTR, AFR & Galileo. I figure that if the geological trend crosses the border, and the evidence sugests it does, then any one of these making a good find will inflate the value of the others. Could be that they are all sitting on a goldmine (coppermine) and the NW corner becomes the next big thing in terms of copper production.

As to Howezap's comment about the gold at Ascot, it never did sit well that the drilling seemed to focus on the bridge between Racecourse and Ascot (which did not produce good results) rather than on Ascot itself. If the effort had been focussed on finding the Ascot crown then we might be in a very diferent situation now.

How can this fall by almost 10% on so little turnover?

Levi, you said:

"The PR from his companies is minimal and when he does make a statement he rarely backs it up.

Too many PIs have been burnt so why would people be chasing this or any other of his companies that are all mired in glacial progress."

I think it's only fair to follow up those comments with the other side of the arguement.

I think CB's main failing is he's too passionate and enthusiastic" You are clearly referring to Bushranger in your complaints. It's a huge system of at least 2, probably 3 and possibly more porphyries in a regional system in NSW. Yes, CB did pump that discovery but ultimately the grades were sub-optimal leaving it currenlty on the back burner waiting for copper prices to improve. However, to argue that CB's PR is poor seems strange when at one point XTR shareholders were receiving RNSs at the rate of one evry few days while the early drilling was taking place. This was backed up by mid-week and Sunday 'roasts'. Your second complaint was that progress is glacial. That certainly was not the case with Bushranger where, once funds were raised, 2 drills explored the system at a relative break-neck speed.

I know a lot of people feel like they got burnt over Bushranger and blame CB for this due to his enthusiasm but any investor looking at the drill results had to know that the system was marginal. It was big (currently 1.3M T of Cu) but the grades let it down. With Cu prices above $10k/T interest could be re-ignited.

The one fair complaint against CB is that his interests are spread over too many companies and when prospects decline for any one of those companies, his enthusiasm also falls for the associated projects.

Ultimately this is the AIM market. One must expect there to be a lot of disappointement along the way. Don't believe all the hype but invest in value and in the long term one should end up ahead of the game.

Iky, have used that lack of interest to get my position established this afternoon.

Onwards and upwards.

My two pennyworth on the subject of the Manica sale is that everybody should remeber that if shareholders vote against the sale of Manica then they are in effect voting for 'jam tomorrow'. I say that on the basis that we will have to re-invest income from Manica to pay our part of the further devolpment of the mine pushing back the time when we wil be able to make a profit. As I have said before though, I still feel the price is a tad low-ball and maybe CB should have held out for more.

Jezz,

"For those saying it would be dilution look at it this way, would you rather spend the money on our existing site that we know has potential or go rainbow chasing with the money and have no money and no asset in 2027 ?"

You make the assumption that the will be no pot of gold at the end of the rainbow. Seems to me that everybody is piling into Southern Africa where CB wants to reinvst and the grades optained by other comapnies in the area so far look very good. Deals are expected soon and this may be the last oppontunity to jump on board.

To be fair I do think that $15M is a tad low but that is another agrument.

Analytical: that is a brilliant reply !

Thought maybe I wasn't doing my homework but did not have a straight forward and accessible means of finding an answer. Puts the company in an even more impressive position.

Will be looking to build a position in the coming months. I figure if any of the companies in the Southern African area get a good result - all boats will begin to float !

Thanks again.

I bought my first tranche of shares yesterday (100k shares around 1:20 pm) as I have an interest in the copper play in Southern Africa and own shares in other companies in this region looking for copper/gold. I have looked at the financial data but could not see anything concerning the company's current cash situation other than a 'sunday roas't from 2022 where cash was quoted to be around £8M, which sounds surprisingly healthy. Does anybody know what the current cash situation is? Thanks.

Max, another 'fun fact':

The coutry Argentina is also named after the Latin for silver.

There have been some very strange percentage increases since the new year. We now have a claimed 10% increase without a comensurate increase in the bid or ask - if memory serves.

The rise is more like .15 from the info I can see so, 15%, not 30%. Unless somethings goimg on behind the scenes!

Well, if we can continue hitting a series of 15% increases, anything is possible....